Leicester at risk of another Premier League PSR charge over latest accounts

[The Doctor]

1 hour ago, Lionator said:

The problem was, and where I have a little sympathy, is that you had everyone in the media saying that he should take the arsenal and Tottenham job, I distinctly remember 606 after the Everton 94th minute winner home game and Savage saying that those teams should pay whatever for Rodgers. A week later he signed a massive contract. 

I see that, but ultimately between paying wages well above what we could afford or banking a big profit on a bloke who'd been here a matter of months and going for a new coach, the latter would have been a far more sensible approach 

[HarryDee8]

the premier league is almost shooting itself in the foot with this financial fair play regulations

 

If a club owners want to legitimately put more money into the club to spend more, then they should be allowed to do this!

 

I get the loss bit, but it wouldn't be a problem if the owner committed or put funds in  at the beginning to spend more? 

 

[st albans fox]

59 minutes ago, The Doctor said:

I see that, but ultimately between paying wages well above what we could afford or banking a big profit on a bloke who'd been here a matter of months and going for a new coach, the latter would have been a far more sensible approach 

Unless you had someone running the show who thought it was possible for a club our size to make the big six a big seven.  Deluded 

[nnfox]

52 minutes ago, HarryDee8 said:

the premier league is almost shooting itself in the foot with this financial fair play regulations

 

If a club owners want to legitimately put more money into the club to spend more, then they should be allowed to do this!

 

I get the loss bit, but it wouldn't be a problem if the owner committed or put funds in  at the beginning to spend more? 

 

Unfortunately this would suit the big clubs better.  As fabulously wealthy as Top is, he can't get close to the owners of Chelsea, Man City, Newcastle and others.

 

If a level playing field is what the Premier League want, then salary caps and maybe NFL style drafts could help.  Unfortunately, they don't want a level playing field.  Having rules that places a limit on your spending tied to your revenue can only stifle ambition of clubs with modest revenues in the long run.

[Wink84]

4 hours ago, Lionator said:

You literally have Bournemouth floating in the top half of the Prem. By size alone they’re League One/Two. But nobody overachieves at this level, you’re as good as the system you create. We had a system and we dismantled it all, for what? To stroke Brendan Rodgers ego? 

And because the ownership wasn't strong enough to say no to him until it was too late. 

[HarryDee8]

43 minutes ago, nnfox said:

Unfortunately this would suit the big clubs better.  As fabulously wealthy as Top is, he can't get close to the owners of Chelsea, Man City, Newcastle and others.

 

If a level playing field is what the Premier League want, then salary caps and maybe NFL style drafts could help.  Unfortunately, they don't want a level playing field.  Having rules that places a limit on your spending tied to your revenue can only stifle ambition of clubs with modest revenues in the long run.

Thing is if your stifle the premier league and put spending caps on, this brings us back closer to the the other Europe leagues. Also wealthy owners might go to other leagues where they might not be stopped by spending caps 

[joachim1965]

2 hours ago, Winstonthedog said:

We had the chance to establish ourselves after we won the Premier league... in Europe ... cash was rolling in ... but it was invested in poor to average players instead of good up and coming youth and coaches and management to match ... the ship has sailed is now sinking 

That was our chance to push on and really take a step up, we could have attracted some quality players with the lure of champions league football, we could have been consistent top 6 pushing for top 4 but totally fvcked it up, will never get that chance again.

[sylofox]

1 hour ago, HarryDee8 said:

Thing is if your stifle the premier league and put spending caps on, this brings us back closer to the the other Europe leagues. Also wealthy owners might go to other leagues where they might not be stopped by spending caps 

Every country now have a form of PSR that's why barca can't spend and others. Also uefa have it for European competitions.

 

It's not just the UK.

[Number 6]

46 minutes ago, joachim1965 said:

That was our chance to push on and really take a step up, we could have attracted some quality players with the lure of champions league football, we could have been consistent top 6 pushing for top 4 but totally fvcked it up, will never get that chance again.

PSR ensures turnover will also (eventually) determine league position though. I think we'd only have been able to fly that close to the sun for so long.

 

We could have had a good long term strategy which saw us as a Premier League constant, but there would have been cycles of European challenges followed by lower half finishes.

[DezFox]

Does anyone actually know if we have the 105 mill limit or 83 (or whatever it is) ?

[The_77]

3 hours ago, HarryDee8 said:

the premier league is almost shooting itself in the foot with this financial fair play regulations

 

If a club owners want to legitimately put more money into the club to spend more, then they should be allowed to do this!

 

I get the loss bit, but it wouldn't be a problem if the owner committed or put funds in  at the beginning to spend more? 

 

The club owners voted for this. 

[don_danbury]

i wouldnt mind another 0 point deduction tbf

[HankMarvin]

Anyone a paid member?

 

https://swissramble.substack.com/p/which-clubs-are-restricted-by-psr

[splinterdream]

33 minutes ago, The_77 said:

The club owners voted for this. 

they also sanctioned £50k a week for Ward

[HankMarvin]

38 minutes ago, DezFox said:

Does anyone actually know if we have the 105 mill limit or 83 (or whatever it is) ?

It’s 83m if we get relegated 61m

Edited 7 January 2025 by HankMarvin

[DezFox]

8 minutes ago, HankMarvin said:

It’s 83m if we get relegated 61m

If that’s the case then we might be miles off it. I also don’t think this guy has mentioned actual figures publicly so could be complete bull.

[coolhandfox]

23 minutes ago, HankMarvin said:

Anyone a paid member?

 

https://swissramble.substack.com/p/which-clubs-are-restricted-by-psr

Yes, I will take a look tomorrow.

[coolhandfox]

15 minutes ago, DezFox said:

If that’s the case then we might be miles off it. I also don’t think this guy has mentioned actual figures publicly so could be complete bull.

Stefan is a drama king and is normal miles off with his claims.

 

That's how he gets on talksport.

 

 

 

Edited 7 January 2025 by coolhandfox

[splinterdream]

Just now, coolhandfox said:

Stefan is a drama king and is normal mile off with his claims.

 

That's how he gets on talksport.

 

you do get the feeling that these ;rolled in' PSR guys, Maguire mainly, love the attention

[dylanlegend]

I honestly dont understand how we are so far off but other teams arent? 
 

1. Forest signed loads of players on big wages? And sold virtually no one

2. Villa signed loads of players on big wages? And sold virtually no one

3. Man Utd have wasted so much

4. Chelsea?

5. Arsenal

 

Meanwhile, we sold fofana 60m, Barnes 40m, Maddison 50m, KDH 35m, player after player

 

How are we so affected each year? Are we paying mental wages or just not cooking the books like every other team?

 

I agree we pay silly wages for some but i bet if you looked at West Ham, Villa, Forest, Everton theyd be the same 

[HankMarvin]

29 minutes ago, dylanlegend said:

I honestly dont understand how we are so far off but other teams arent? 
 

1. Forest signed loads of players on big wages? And sold virtually no one

2. Villa signed loads of players on big wages? And sold virtually no one

3. Man Utd have wasted so much

4. Chelsea?

5. Arsenal

 

Meanwhile, we sold fofana 60m, Barnes 40m, Maddison 50m, KDH 35m, player after player

 

How are we so affected each year? Are we paying mental wages or just not cooking the books like every other team?

 

I agree we pay silly wages for some but i bet if you looked at West Ham, Villa, Forest, Everton theyd be the same 

Yes to the mental wages, certainly we were anyway as per the Wages to turnover image for 22/23

PSR is based on a 3 year rolling limit.

35m for every season in the top flight.

The annual accounts must not have greater losses for PSR that period than the 3 year rolling period.

the majority of our issues came for wages to turnover which was not sustainable, the sudden loss of European football then PL revenue has led us to the position we are into today.

 

 

Coincidentally Forest and Everton were the other 2 teams high on the list here and ones you mentioned, they breached. 
Villa must of been close, but along with West Ham have larger gate revenues.

it will be interesting to see Swiss Rambles forecast 

 

 

Edited 8 January 2025 by HankMarvin

[fox_favourite]

So if we have breached PS blinking R then has the club lied to a manager again? He was obviously told that there is money to spend and the option to bring in players in Jan. There obviously isn't. I'm guessing he wasn't told about the potential points deduction and the breach? They would have known surely. Otherwise that's incompetence? If that's the case, just as PSV, he could walk. 

 

So potentially then that's 3 managers they have lied to/not told the whole picture to. Rodgers, Enzo and RvN. That's horrendous management of a business. 

 

Saying all that if we have breached then does that mean we are restricted? Or could we stick 2 fingers up and just buy the players anyway?

 

The rules are a mess as we've proved anyway, which is even more annoying. 

Edited 8 January 2025 by fox_favourite

[CrazyKopCorner]

10 hours ago, HarryDee8 said:

the premier league is almost shooting itself in the foot with this financial fair play regulations

 

If a club owners want to legitimately put more money into the club to spend more, then they should be allowed to do this!

 

I get the loss bit, but it wouldn't be a problem if the owner committed or put funds in  at the beginning to spend more? 

 

If the owners had to sign legally binding guarantors and are continually assessed for their financial ability to meet their obligations I really don't see what the problem is 

[CL Fox]

Few bits that make it so hard to predict but I don't think anyone has clocked....

 

- There's 82m worth of player sales in the accounts - barnes 40m, castagne 12m, KDH 30m (no idea how that's not in this year's, otherwise there was no point in selling).

- No Rodgers and his staff wages which was a huge chunk of the wages previously.

- Several high earners off the wage bill all of whom would be on roughly 60-100k a week you'd assume - Perez, Tielemans, Maddison, Castagne, Soyuncu, Evans, Amartey, Bertrand.

- 15m king power sponsorship of the training ground at pure profit. Again - Borson and Maguire havent clocked this. https://www.leicestermercury.co.uk/sport/football/football-news/leicester-city-handed-15m-ffp-9236048#amp-readmore-target

- 10m for Enzo.

- Widely reported that the players had 35-50% wages reductions.

- Amortisation castly reduced - Tielemans 10m a year, Perez 6m, Fofana 6m - our three biggest transfers of the last few years.

 

Worst case the club would have had to turn 20m profit to be compliant which isn't past the realms of possibility based on that.

 

But...a few things I can't work out.

- How much we've ended up paying winks and coady - and apparently coady is on stupid money.

- promotion bonuses

- loyalty bonuses at the end of contracts

- Interest on loans, which are a killer.

 

As a few have said Maguire and Borson won't be close to this level of detail given they cover so many clubs but I can see why the club think they're compliant.

 

This doesn't excuse any of the daft decision making over the years as I can guess Ndidi, Ricardo, Justin, vestergaard, coady etc are all on stupid money for their ability.

 

Edited 8 January 2025 by BSLBPod

[Pliskin]

Borson and Maguire are both probably using previous accounting periods to predict where the club are, coupled with their knowledge of the financial differences between the championship and the EPL. So what they’re saying is again just purely speculation and calculated guess work. Some reacting as if the books have been passed by those two first before reaching the EPL…… 
 

When it comes to talk sport it should be completely ignored, their existence is based on being controversial, they are like WWE for sport, just spout shit day in day out so hey can tempt vulnerable listeners onto their shows to then have an argument with them and call them idiot.